OPEN-SOURCE SCRIPT
Updated

Pivot Parallel Channel by [livetrend]

This script draws parallel channels using pivot points for trend analysis.

Script draws maximum 4 parallel channels if suitable up or down trend already exists on the chart according to chosen Pivot Length and Multiplier.

You can change Multiplier to draw Higher Time Frame Channels.

Good luck!

Release Notes
  • Added channel scaling according to threshold.
Release Notes
  • Minor bug fixed
Release Notes
  • Chart Updated
Release Notes
  • Alert conditions added
  • Trend directions added

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